Is 2310 (2310) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 21.2% / 30% | 10.4% / 30% | 11.3% / 30% | 0.77% / 5% | ✓ HALAL |
| DJIM | 21.2% / 33% | 10.4% / 33% | 11.3% / 33% | 0.77% / 5% | ✓ HALAL |
| MSCI | 10.7% / 33% | 5.2% / 33% | 5.7% / 33% | 0.77% / 5% | ✓ HALAL |
| S&P | 21.2% / 33% | 10.4% / 33% | 11.3% / 33% | 0.77% / 5% | ✓ HALAL |
| FTSE | 10.7% / 33% | 5.2% / 33% | 5.7% / 50% | 0.77% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.2% | |
| Operating Margin | -29.5% | |
| Net Margin | -6.1% | |
| Return on Equity (ROE) | -2.4% | |
| Return on Assets (ROA) | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.4B |
| Free Cash Flow | $715M |
| Total Debt | $2.3B |
| Debt-to-Equity | 16.7 |
| Current Ratio | 1.4 |
| Total Assets | $21.1B |
Price & Trading
| Last Close | SAR 15.27 |
| 50-Day MA | SAR 14.90 |
| 200-Day MA | SAR 17.28 |
| Avg Volume | 2.4M |
| Beta | 0.1 |
|
52-Week Range
SAR 13.13
| |
About 2310 (2310)
Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia. It operates through Basic Chemicals, Intermediate Chemicals, Polymers, Marketing, and Corporate and Others segments. The company offers basic products, including methanol, butane, and carbon monoxide; and intermediate products, such as acetic acid, vinyl acetate monomer, ethyl acetate, butyl acetate, and utilities. It also provides polymer products consisting of low-density polyethylene, polyvinyl acetate, polyvinyl alcohol, polybutylene terephthalate, polypropylene, and electrical connecting wire products; acetic anhydride, butanediol, chlorine, caustic soda, ethylene dichloride, gamma butyrolactone, polyethylene wax, and tetrahydrofuran; and hydrogen products. In addition, the company manufactures and sells moulds, and related services; and engages in metal formation by hammering, pistons, casting, rolling, and structuring for motor vehicles, as well as parts, accessories, and engines for motor vehicles. Further, it produces ethylene-vinyl acetate films and industrial utility services; offers administrative support to the logistic and marketing; and engages in innovation, research and development, venture capital, and investment. The company was formerly known as Saudi International Petrochemical Company and changed its name to Sahara International Petrochemical Company in May 2019. Sahara International Petrochemical Company was incorporated in 1999 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Purification Calculator
As a halal stock with 0.77% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is 2310 (2310) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), 2310 is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is 2310's debt ratio?
2310's debt ratio is 21.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 10.7%.
Does 2310 require dividend purification?
Yes, 2310 has an impermissible income ratio of 0.77%, which means 0.77% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are 2310's key financial metrics?
2310 has a market capitalization of $11.5B, and revenue of $7.1B. The company maintains a gross margin of 12.2% and a net margin of -6.1%. Return on equity stands at -2.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.